Personal Finance

Edit 0 96 …
If I am gone for the day, please go to the SUB NOTES page to get your instructions and assignments

Teachers As Advisors: SD My Life (Career Cruising)
NEFE High School Student Page Financial Football Training Camp (a financial literacy game)
Sandbox

Unit 1: Creating a Personal Financial Plan
  • Examine the value of having process of planning how to use money
  • Create personal financial SMART goals
  • Analyze how money is received and used
  • Use the decision-making process to create a financial plan
  • Identify guidelines to implement a personal financial plan
  • Monitor and modify a personal financial plan

Unit 1: Your Financial Plan Notes
Handouts/Assignments:

~ NW Worksheet:
NW worksheet.jnt

~ Financial Goals:
Financial goals.jnt

~ Setting a SMART Goal:
Set SMART goal.jnt



~ What's Missing?
What's Missing Worksheet.jnt

~ Personal Spending Log: Use Envelope System with Receipts or Use electronic Budget (Excel Spreadsheet) Include Income & Spent $. Track over a 30-day period of time
~ Financial Planning Strategies - Write letter giving Financial Advice to a good friend
~ Satellite Decisions (workbook) Also: My Options after HighSchool.

Decision Making Quiz
Unit 1 Test: Includes: Take Home Test Case Study. This is to be done PRIOR to test date. In-class Test This will be completed in class and include: MC, Short Answer, Completion. Covers all concepts discussed from Unit 1.

Unit 2: Budgeting: Making the Most of your Money
  • Examine reasons to keep track of your spending habits
  • Summarize the advantages of having a spending plan
  • Identify various sources of income
  • Identify varous types of expenses
  • Explain the purpose of paying yourself first (pyf)
  • Explain how to build a budget
  • Examne forms of record keeping involved with budgeting anc cash management
  • Summarize how a budget will change throughout your life cycle

Unit 2 Budgeting Notes
Handouts/Assignments:~ Paycheck Stub 1 EXAMPLE:
Paycheck Stub 1 EXAMPLE.jnt

~ W-4 Form (print to OneNote):
W-4 form.jnt


~ How do you spend your Money? (Pie chart of spending log)
~ Wage Computations:
Wage computations.jnt

~ Computing Wages & Taxes:
Computing Wages & Taxes.jnt

~ Paycheck Stub #2:
Paycheck Stub 2.jnt

~ Jessica's Budget:
Spending Plan Template.xls
Jessica's Budget Assignment.jnt

~ BMJones Budget:
BMJones Budget.jnt

~ MBrown Budget:
MBrown Budget.jnt


Unit 2 Test: Includes: terms, concepts of budgeting/spending plans, paycheck stubs, SMART goals, W-2 & W-4 forms. Will have to calculate a PayStub (GP, Deductions, NP). Will also have to put together a budget with revisions.
U2 Budgeting Review:
Budgeting U2 Review.doc



Unit 3: Investing -- Making Money Work for You

Unit 3 Saving and Investing Notes
  • Differentiate between saving and investing
  • Assess the time value of money
  • Compare investment options
  • Compare the relationship between risks and returns related to savings and investments
  • Recommend ways to integrate savings and investing strategies into financial planning

Google Docs: Unit 3 Saving and Investing Notes
Using a Financial Calculator:
Calculation Presentation.jnt

Exercises
FV CalcWorksheet.jnt
Activities:
Rule 72 Worksheet.jnt
SM 3_2 RiskTaker.jnt


Unit 3 Test:

U3 Investing Review:


Unit 4: Good Debt, Bad Debt: Using Credit Wisely

  • Explain what credit is
  • Compare the advantages and disadvantages of using credit
  • Outline the process of applying for credit
  • Explain what a credit history is and why it is important
  • Explain how to manage credit resonsibly
  • Explore the consequences of excessive debt and how to correct it
  • Determine what to do in the event of inaccurate reporting

Unit 4: Credit Notes

Assignments:

Unit 5: Checking Accounts
  • Become familiar with various types of financial services providers
  • Examine how a savings account works
  • Practice using a chekcing accoutna nd debit card
  • Explain how a credit card is used to make purchases
  • Explore the features of automated financial services
  • Respond to situations involving identy theft and deceptive practices

Unit 5 Secure Accounts/Checking Account Notes

Assignments:

Unit 6: Insurance:
Unit 6: Insurance Notes

  • Identify ways to manage risk
  • Describe how insurance is used to protect against protential finacial loss
  • Explain the features and processes related to automobile insurance
  • Examine how insurance needs vary from person to person because of lifestyle and life situation
  • Assess how insurance fits into your financial plan